Power

EDF Renewables signs VPPA with Enterprise Products for solar energy

Goldman Sachs Renewable Power

EDF Renewables signed a Virtual Power Purchase Agreement with Enterprise Products Partners for the second tranche of the Space City Solar project; the agreement contemplates the procurement of 100 megawatts of solar energy.

Firstly, the Space City Solar is located in Wharton County, Texas. I will commence construction in the summer of 2021; and will start to deliver clean energy around one year later, in the summer of 2022.

Secondly, the project will create nearly 300 jobs during its construction phase. It is also expected to generate about $30 million in tax revenue for the Wharton County taxing entities. Moreover, it will have a total capacity of 354 MWac/455 MWdc.

Thirdly, the project has a specially designed aspect to generate clean energy while minimizing impacts to the surrounding wildlife; habitat and other environmental resources around it. Consequently, the solar complex will use high efficiency bifacial solar photovoltaic (PV) modules.

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EDF Renewables VPPA

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“Space City Solar will provide an economic boost to the local economy through construction jobs; also local spend and an expanded tax base.” Said Matt McCluskey VP for the south region of EDF Renewables.

While also adding: “This transaction demonstrates EDF Renewables’ continued commitment to helping corporate customers meet their wholesale power supply needs and sustainability initiatives.

On the other hand, A.J Teage, co-CEO of Enterprise Products Partners stated. “We are committed to being a responsible steward of the environment, including using energy sustainably across our footprint.”

Finally, he commented. “In 2020, we launched an initiative to evaluate opportunities to expand solar power purchasing and/or installations across our system. We are proud to say this purchase agreement is a result of those efforts.  In conclusion, we estimate that by 2025, approximately 25 percent of our power will be from renewable resources.”

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